The New Mexico Economic Development Fund will hold an open meeting via Zoom on 8/24/21. Interested applicants can attend to learn more about the grant process, application requirements, and ask the Fund Advisors questions. See below for more details on how to attend virtually or by phone.
Meeting ID: 854 6749 6062 Passcode: 040254
New Mexico Economic Development Grant
The purpose of this grant is to support private businesses, projects and organizations that make or will make a measurable difference in achieving economic growth and development, expanding and diversifying the tax base, and creating new quality jobs within El Paso Electric’s New Mexico service territory. New businesses or the expansion of existing businesses can be considered.
Application closes April 1st, 2022 at 11:59PM
The Project MUST:
- Show a clear demonstration of public purpose and economic benefit through advancement of the region’s economic goals which include expanding the tax base, creating quality economic-based jobs (definition below), increasing private capital investment in the community, and spurring development;
- Include solid evidence provided by the business that demonstrates the business’s financial stability and capacity to complete the project;
- Be in compliance with all local, state and federal laws.
Description of Economic-Based Industry/Jobs, Which Applicants Must Demonstrate Their Ability To Create:
Economic growth and prosperity within Doña Ana County depends on sectors that export goods and/or services to customers outside of the region. These sectors are known as “economic-based industries/jobs”. These economic-based industries stimulate local economic growth by bringing jobs and income into the Doña Ana County economy.